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Tuesday, August 22, 2006 4:48:43 PM
I do not believe for 1 second that the three 40m holders/insiders have not been selling any stock.
The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status. Basically, three insiders with 40 million shares from the open market did not meet the 10% of class rule; therefore, they are no longer considered insiders."
~ 362 minus 162 = 200m plus the 138m = 338m tradable. ~
** This is a small number any way you look at it as long as the financials/assets are legitimized **
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